The present Interlocutory Application (I.A.) has been filed under Section 33(1)(b)(i) to (iii) r/w Section 33(3) and Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP)/Applicant, Vallabh Narayandas Sawana, for initiating the liquidation process against Hari Om Auto Components Private Limited, the Corporate Applicant.
The Corporate Applicant, Hari Om Auto Components Private Limited, filed C.P.(IB)/139(MB)/2023 under Section 10 of the IBC to initiate CIRP.
The Tribunal admitted the Company Petition and commenced CIRP vide order dated 12.06.2024.
Vallabh Narayandas Sawana was appointed as the Interim Resolution Professional (IRP).
The Committee of Creditors (CoC) consisted of Vasai Vikas Sahakari Bank Ltd. as the sole Financial Creditor with 100% voting rights and an admitted claim of Rs. 6,42,60,205/-.
The CoC unanimously approved the resolution for liquidation of the Corporate Applicant in the second CoC meeting held on 29.07.2024.
The RP was authorized to sign, execute, and file necessary documents for the liquidation process.
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The Tribunal admitted the Company Petition and…
The IRP published a…
The present Interlocutory Application (I.A.) has been filed under Section 33(1)(b)(i) to (iii) r/w Section 33(3) and Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP)/Applicant, Vallabh Narayandas Sawana, for initiating the liquidation process against Hari Om Auto Components Private Limited, the Corporate Applicant.
The Corporate Applicant, Hari Om Auto Components Private Limited, filed C.P.(IB)/139(MB)/2023 under Section 10 of the IBC to initiate CIRP.
The Tribunal admitted the Company Petition and commenced CIRP vide order dated 12.06.2024.
Vallabh Narayandas Sawana was appointed as the Interim Resolution Professional (IRP).
The Committee of Creditors (CoC) consisted of Vasai Vikas Sahakari Bank Ltd. as the sole Financial Creditor with 100% voting rights and an admitted claim of Rs. 6,42,60,205/-.
The CoC unanimously approved the resolution for liquidation of the Corporate Applicant in the second CoC meeting held on 29.07.2024.
The RP was authorized to sign, execute, and file necessary documents for the liquidation process.
…The Tribunal admitted the Company Petition and…
The IRP published a…